Stateline real estate had positive notes for the first quarter of 2020 compared to the first quarter of 2019. The amount of solds increased along with median sold price, price per square foot, average percentage of list price and median days on market. The month supply did go down to a number that indicates this neighborhood is still in a seller’s market. To understand the month supply more, it gives us an idea of who has control of the market. Anything 4 or under is a seller’s market, anything over 6 is considered balanced and anything over 8 is considered a buyer’s market with a surplus of housing inventory. For more information on Stateline real estate, give us a call. We’d be happy to help.
|Heavenly Valley Comparison||2020||2019|
|Number of Sales||14||14|
|Median Home Price||$367,100||$512,500|
|Average List to Sale Ratio||98.1%||97.7%|
|Median Dollar Per Square Foot||$295.21||$315.39|
|Median Days on the Market||57||83|